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N9600 M64
Marenisco, MI 49947

Price Upon Request

Hotel For Sale  •  8,364 SF

Property Details

  • Property Type Hotel
  • Total Building Size 8,364 SF
  • Lot Size 8.3 AC
  • Building Class C
  • Year Built 1983
0 Transit Score
8 Walk Score

Highlights

11% cap rate: Profitable year-round resort and marine business on ±8.3 acres of land
Variety of lodging accommodations and amenities nestled in the heart of the natural beauty of the Upper Peninsula of Michigan
Well-known restaurant and lounge onsite with banquet/meeting facilities accommodating up to 250 people
Two protected harbors and a full-service marina with gas and boat rentals, featuring 1,180 feet of shoreline along Lake Gogebic
The sale also includes a marine and storage business. Additionally available, but not included in the sale price, are ±22.5 acres of development land
Located on Lake Gogebic, recognized as a major fishery with over 38 miles of beautiful shoreline

Amenities

  • Restaurant
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Marina
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen
  • Multi-Room Suites

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 36
Type: Surface
Included in Rent: Yes